Let the train will meet ‘t’ hours after the train from station Q started Distance travelled by train started from station P = 64 x 45/60 km Distance travelled by train started from station Q = (64 + 100) x t km Total distance between station P and Q = 376 km Now, 64 x (45/60) + (64 + 100) x t = 376 ⇒ 48 + 164t = 376 ⇒ 164t = 376 – 48 = 328 ⇒ t = 328/164 = 2 hours Distance travelled by train starting from station P at all meeting point = 48 + 64 x 2 = 176 km
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
A country is said to be in debt trap if
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
For which preferences the income offer curve and the price offer curve are equal?
An indirect utility function
If factor cost is greater than Market price, then it means that:
From the following data, find National income.